Brazil's Energisa targets 500MW of renewables by 2017

Energisa is promising "substantial" wind investment

Energisa is promising "substantial" wind investment

Brazil’s Energisa will invest R$1.6bn ($890m) over the next three years, about half of which will go into renewable-energy generation.

The utility has set a target of contracting up to 500MW of installed renewables capacity by the end of 2017.

An estimated R$515m will go to wind power, of which R$300m is expected to be invested this year, says Maurício Botelho, director of investor relations.

“Our investment in wind this year will be substantial,” says Botelho.

Energisa is building 150MW of wind projects in Rio Grande do Norte state. The Renascença 1-4 and Ventos de São Miguel wind farms won 20-year contracts in the A-3 power tender in 2010.

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